Insperity, Inc. (NYSE:NSP) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in Insperity, Inc. (NYSE:NSP - Free Report) by 39.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,607 shares of the business services provider's stock after selling 54,216 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Insperity worth $7,357,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in NSP. Wilmington Savings Fund Society FSB acquired a new stake in shares of Insperity during the third quarter valued at about $32,000. Millburn Ridgefield Corp acquired a new stake in Insperity during the 3rd quarter valued at approximately $53,000. nVerses Capital LLC acquired a new stake in Insperity during the 2nd quarter valued at approximately $64,000. KBC Group NV increased its holdings in Insperity by 26.4% during the 3rd quarter. KBC Group NV now owns 1,034 shares of the business services provider's stock worth $91,000 after purchasing an additional 216 shares during the last quarter. Finally, Quarry LP raised its position in shares of Insperity by 205.6% in the 2nd quarter. Quarry LP now owns 1,088 shares of the business services provider's stock valued at $99,000 after purchasing an additional 732 shares in the last quarter. 93.44% of the stock is owned by institutional investors and hedge funds.

Insperity Stock Performance

NYSE NSP traded up $0.14 during trading hours on Wednesday, hitting $77.51. The company had a trading volume of 290,625 shares, compared to its average volume of 298,169. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 2.95. The firm has a market cap of $2.90 billion, a P/E ratio of 24.61 and a beta of 1.15. Insperity, Inc. has a fifty-two week low of $71.69 and a fifty-two week high of $119.02. The business has a fifty day simple moving average of $78.70 and a 200-day simple moving average of $87.10.

Insperity Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 24th. Investors of record on Tuesday, December 10th were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $2.40 annualized dividend and a yield of 3.10%. Insperity's dividend payout ratio is presently 76.19%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Insperity from a "buy" rating to a "hold" rating in a research note on Monday, November 4th. Truist Financial lowered their price objective on Insperity from $95.00 to $88.00 and set a "hold" rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. assumed coverage on Insperity in a research report on Tuesday, October 22nd. They issued an "underweight" rating and a $90.00 target price for the company. Finally, William Blair downgraded shares of Insperity from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $95.67.

About Insperity

Insperity, Inc engages in the provision of human resources (HR) and business solutions to improve business performance for small and medium-sized businesses primarily in the United States. It offers its HR services through its workforce optimization and workforce synchronization solutions that include a range of human resources functions, such as payroll and employment administration, employee benefits, workers' compensation, government compliance, performance management, and training and development services.